Fangdd Network Group Ltd. (NASDAQ:DUO) Sees Significant Decrease in Short Interest

Fangdd Network Group Ltd. (NASDAQ:DUO) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 3,100,000 shares, a decline of 32.5% from the February 13th total of 4,590,000 shares. Approximately 8.7% of the company’s shares are short sold. Based on an average daily volume of 7,350,000 shares, the days-to-cover ratio is currently 0.4 days.

Fangdd Network Group Stock Up 5.6 %

NASDAQ DUO traded up $0.02 during trading on Friday, reaching $0.42. 1,397,743 shares of the stock traded hands, compared to its average volume of 7,188,345. The stock’s 50-day moving average price is $0.57 and its 200 day moving average price is $0.80. Fangdd Network Group has a fifty-two week low of $0.32 and a fifty-two week high of $4.67.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Fangdd Network Group stock. Virtu Financial LLC purchased a new stake in Fangdd Network Group Ltd. (NASDAQ:DUO) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 178,452 shares of the company’s stock, valued at approximately $107,000. Virtu Financial LLC owned approximately 3.88% of Fangdd Network Group as of its most recent filing with the Securities and Exchange Commission (SEC).

About Fangdd Network Group

Fangdd Network Group Ltd., an investment holding company, provides real estate information services through online platform in the People's Republic of China. It operates Property Cloud, a software as a service solution for real estate sellers. The company also operates platforms for real estate agents, including Duoduo Sales, which offers real estate agents with instant access to marketplace functionalities and allows them to conduct transactions on the go; Duoduo Cloud Sales, which connects agents to property database and buyer base, allowing them to source, manage, and complete transactions online; and provides online and offline, and project-specific training and guidance services.